Andy Bowley: Forsyth Barr Head of Research on the forecast that Air NZ will lose $125 million pre-tax this year
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
Air New Zealand’s reset just got a lot more urgent.
Things could deteriorate faster for the airline amid instability in the Middle East.
Morningstar Research is now forecasting a $125 million pre-tax loss this year following a $59 million loss in the first half of the year.
Forsyth Barr Head of Research Andy Bowley told Mike Hosking there’s little disagreement that the second half of the year will be similar or worse, the concerning aspect is how bad it could be.
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